Data analytics from IntoTheBlock paint a bleak picture for Shiba Inu investors. A mere 25% of SHIB holders are currently profiting, while 71% are experiencing investment losses.
According to IntoTheBlock, Dogecoin depicts a slightly more optimistic picture compared to SHIB.
With current prices, 57% of DOGE holders are in profit, against SHIB’s 25%. A notable 39% of DOGE investors are experiencing a loss, showing a smaller proportion than SHIB’s 71%. Additionally, 4% of DOGE investors are at break-even.
The commitment of investors is evident in both camps. Dogecoin holders match Shiba Inu investors in loyalty, with respective 72% and 73% sustaining their positions for over a year.
The statistics for medium-term holders (1-12 months) and new entrants (<1 month) are also comparable, hinting at a similar investor behavior pattern for both meme coins.
While Dogecoin exhibits a healthier financial status among its holders, Shiba Inu shows a competitive advantage in other areas.
SHIB’s transactional value for significant trades over $100K surpasses that of DOGE over the past seven days, indicating more considerable large-scale investor interest or movement. This could signify a potential for growth or increased liquidity that might benefit SHIB in the long run.
Community Engagement and Market Presence: Both Dogecoin and Shiba Inu have seen minimal change in Telegram members, with DOGE at a 0.05% increase over the past week, suggesting a period of stability within their communities.
Simultaneously, the transaction demographics disclose a more Western-centric engagement for Dogecoin, with a 55% to 45% split between West and East. This could reflect the influence of Western media and notable endorsements by entrepreneurs such as Elon Musk on DOGE’s prominence.